Even with the continued shortages and queues at petrol stations in some parts of Nigeria, the pump prices are now settling at higher ranges. This about the independent and some major marketers.
Findings in Lagos and Abuja reveals that independent marketers have adjusted their prices upwards to 20 and 30 percent.While major marketers are selling at an average of N605 per litre, the independent marketers are selling at an average of N730 per litre. They are also some extreme cases where they are selling up to N900/ltr in the outskates of major cities.
‘Major marketers in B2B transactions’
This seemingly worsening situation is attributed to a systems breakdown in the Nigeria National Petroleum Company Limited, NNPCL, The system breakdown have given the major marketers the upper hands as independent marketers no longer have direct access to imported product at the depots at the stipulated depot prices.
Findings in Lagos and Abuja reveals that independent marketers have adjusted their prices upwards to 20 and 30 percent.While major marketers are selling at an average of N605 per litre, the independent marketers are selling at an average of N730 per litre. They are also some extreme cases where they are selling up to N900/ltr in the outskates of major cities.
‘Major marketers in B2B transactions’
This seemingly worsening situation is attributed to a systems breakdown in the Nigeria National Petroleum Company Limited, NNPCL, The system breakdown have given the major marketers the upper hands as independent marketers no longer have direct access to imported product at the depots at the stipulated depot prices.
